Onus is on AO to provide Reasons to Disbelieve Bank Statements and Supporting Documents for Reopening Assessment: Bombay HC [Read Order]

AO - Reasons - Bank - Statements - and - Supporting - Documents - Reopening - Assessment - Bombay - HC - TAXSCAN

In a recent decision the Bombay High Court ruled that is the onus of the Assessing Officer (AO) to provide reasons to disbelieve bank statements and supporting documents for reopening assessment. The writ petition under Article 226 of the Constitution of India challenging the notice under section 148 of the Income-tax Act, 1961 issued by…

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